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Jio Platforms stake buy | Here is a fact-box of all the seven deals

The deal adds to a pile of funds raised by Jio in recent months and comes on the same day Abu Dhabi-based Mubadala Investment Company invested Rs 9,093.60 crore into Jio Platforms for a 1.85 percent stake

June 06, 2020 / 12:03 AM IST

Silver Lake and its co-investors are set to invest another Rs 4,546.8 crore in Jio Platforms. This is the second investment by the private equity giant in Reliance Industries' digital unit in over a month.

With Silver Lake deal, Jio Platforms has raised Rs 92,202.15 crore in exchange for around 20 percent stake. The aggregate investment by Silver Lake is now Rs 10,202.55 crore for a 2.08 percent stake in Jio Platforms, which runs movie, news and music apps as well as the telecom enterprise Jio Infocomm.

Jio Platforms is the telecom unit of billionaire Mukesh Ambani's Reliance Industries (RIL).

This is Jio Platforms' seventh deal in six weeks, following investments from Facebook IncGeneral AtlanticSilver LakeVista Equity PartnersKKR and Mubadala Investment Company.